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OFG Bancorp (OFG)

(Delayed Data from NYSE)

$36.30 USD

36.30
154,776

-0.16 (-0.44%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $36.31 +0.01 (0.03%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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1-Strong Buy of 5 1        

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value C Growth C Momentum B VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 35% (163 out of 252)

Industry: Banks - Northeast

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Balance Sheet

Research for OFG

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for OFG Bancorp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 787 574 2,041 2,156 853
Receivables 7,445 6,745 6,303 6,523 6,659
Notes Receivable 0 0 0 0 0
Inventories 28 41 83 44 20
Other Current Assets 0 0 0 0 0
Total Current Assets 8,260 7,360 8,427 8,722 7,532
Net Property & Equipment 104 107 92 84 81
Investments & Advances 2,648 1,948 878 459 1,088
Other Non-Current Assets 11 11 15 12 30
Deferred Charges 5 55 99 162 177
Intangibles 105 112 122 132 143
Deposits & Other Assets 190 200 237 224 208
Total Assets 11,344 9,819 9,900 9,826 9,298
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 190
Accounts Payable 9,762 8,568 8,603 8,416 7,699
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 116 125 96 154 186
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 1 1
Total Current Liabilities 9,878 8,694 8,699 8,571 8,076
Mortgages 0 0 0 0 0
Deferred Taxes/Income 22 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 201 27 65 102 114
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 26 29 36 35 23
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 10,151 8,776 8,831 8,740 8,252
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 92 92
Common Stock (Par) 60 60 60 60 60
Capital Surplus 639 637 637 623 622
Retained Earnings 639 516 400 300 280
Other Equity 84 40 123 114 95
Treasury Stock 228 211 151 103 102
Total Shareholder's Equity 1,193 1,042 1,069 1,086 1,045
Total Liabilities & Shareholder's Equity 11,344 9,819 9,900 9,826 9,298
Total Common Equity 1,193 1,042 1,069 994 953
Shares Outstanding 47.00 47.50 49.60 51.30 51.30
Book Value Per Share 25.39 21.95 21.56 19.38 18.59

Fiscal Year End for OFG Bancorp falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 945 787 575 835 881
Receivables 7,411 7,445 7,198 7,052 6,765
Notes Receivable NA 0 0 0 0
Inventories NA 28 0 0 33
Other Current Assets NA 0 0 0 0
Total Current Assets 8,357 8,260 7,773 7,887 7,678
Net Property & Equipment 105 104 103 104 105
Investments & Advances 2,291 2,648 2,032 1,667 1,884
Other Non-Current Assets 18 11 10 11 9
Deferred Charges 4 5 11 20 37
Intangibles 103 105 107 108 110
Deposits & Other Assets 259 190 202 212 210
Total Assets 11,159 11,344 10,257 10,032 10,058
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 151 0 0
Accounts Payable 9,548 9,762 8,542 8,538 8,565
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses 103 116 115 107 120
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 9,652 9,878 8,808 8,645 8,685
Mortgages NA 0 0 0 0
Deferred Taxes/Income 23 22 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 201 201 301 227 227
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 44 31 36 30
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 9,944 10,151 9,162 8,932 8,968
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) 60 60 60 60 60
Capital Surplus 636 639 637 636 635
Retained Earnings 672 639 607 577 548
Other Equity 74 84 19 53 60
Treasury Stock 227 228 228 226 213
Total Shareholder's Equity 1,216 1,193 1,095 1,100 1,090
Total Liabilities & Shareholder's Equity 11,159 11,344 10,257 10,032 10,058
Total Common Equity 101,215 1,193 1,095 1,100 1,090
Shares Outstanding 47.10 47.00 47.10 47.50 47.70
Book Value Per Share 2,148.93 25.39 23.26 23.15 22.84